New Mexico Statutes

§ 58-22-16 — Transferability

New Mexico § 58-22-16
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 22Escrow Companies

This text of New Mexico § 58-22-16 (Transferability) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 58-22-16 (2026).

Text

An escrow agent license is not transferable or assignable. The provisions of this section apply to the change of ownership of any licensed escrow company, including the change of control over any corporation licensed as an escrow company. For purposes of this section, "change of control" means the transfer of twenty-five percent or more of the outstanding voting stock of the corporation.

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Legislative History

Laws 1983, ch. 135, § 16; 1987, ch. 120, § 4.

Nearby Sections

15
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Bluebook (online)
New Mexico § 58-22-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-22-16.